Most top executives and fund managers underperform their various benchmarks. How much do top executives investment managers earn for underperformance?
One recently ousted CEO reportedly received a $210 million "severance" package, though the company's share price performed poorly during his six-year tenure.
Big paydays on Wall Street appear to give new meaning to the phrase "beyond the realms of fantasy" -- Goldman Sachs alone had a reported year-end bonus pool of $16.5 billion, yes billion (or more than $600,000 per employee).
And so it goes on….
Now, the various forms of recent attention paid to big paydays aside, the fact is that these huge amounts going to CEOs/Wall Street are part of a trend that's been unfolding for a long time. In 1970, for example, CEO pay was about 30-times that of an average worker; this multiple has increased steadily to about 100-times today, and is closer to 500-times if benefits and stock options are added.
In the light of all this insanity, what chance do you think you’ve got of making any money on the stock market or anything linked to it, like your pensions!
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